The Price Problem Behind Nuclear Shipping
Shipowners judge an asset by whether it can earn more than it costs. Nuclear power can reduce a portion of fuel spending, but it sharply raises capital costs because the vessel must be built, tested, documented, and financed to nuclear standards.
NS Savannah illustrates the problem. Of its roughly $46.9 million cost in the late 1950s, about $28.3 million went to the nuclear plant and its associated complexity, creating a large premium that fuel savings had to recover.
#CAPEX #NSsavannah #ShipFinance #NuclearShipping #CasualNavigation
NS Savannah illustrates the problem. Of its roughly $46.9 million cost in the late 1950s, about $28.3 million went to the nuclear plant and its associated complexity, creating a large premium that fuel savings had to recover.
#CAPEX #NSsavannah #ShipFinance #NuclearShipping #CasualNavigation
Casual Navigation
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Casual Navigation creates content that explores many different aspects of the maritime industry, with the aim of making it fun and interesting for anyone to enjoy.
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